In October, Russian President Vladimir Putin confirmed that the BRICS nations are in discussions about using digital currencies to reduce Western influence on fintech. Currently, the group is considering the creation of a digital assets platform aimed at reducing reliance on US dollars for international transactions. President Putin has expressed…
A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and asking a judge to rule that digital assets traded on exchanges are not securities. Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance…
The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital…
CACEIS, the asset servicing business owned by Credit Agricole and Santander, has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies. The company registered as a digital asset service provider (DASP) on June 20, according AMF’s website, adding a major traditional financial services…
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million (roughly Rs. 4,100 crore) that will be used to develop green crypto mining in the Himalayan kingdom. Fund raising targeting institutional investors will begin at the end of May…
A former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make “free money,” a prosecutor said on Monday as an insider trading trial wound to a close. The charges against Nathaniel Chastain, a former…
Coinbase Global has reiterated its view to the US Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal said the crypto…
Google has acknowledged that crypto winter has negatively impacted the advertisement business. During its earnings call, Google’s parent company Alphabet said that the search engine giant registered merely six percent growth from ad revenues in the last quarter that ended in September. This figure is the lowest recorded by Google…
Asset tokenisation is the process of creating digital units of a physical or virtual property that is held on blockchain networks. Each of the tokens of an individual property, amount for some percentage of the entity. For instance, Person A holds a property in New Delhi. Asset tokenisation of this…
The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, Economic Affairs Secretary Ajay Seth said on Monday. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate…
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